Pantoro Sells Halls Creek Gold Mine to Kimberley Minerals for $8 Million

Submitted by Tajha Pritchard on

Pantoro has agreed to sell its Halls Creek gold mine in Western Australia to Kimberley Minerals for $8 million, allowing the company to focus on expanding its Norseman gold mine operations.

Under the terms of the binding agreement, the sale payment will be made in tranches over two years. Pantoro will receive $3 million upon finalization, followed by $2 million one year later and another $2 million two years after completion. The company will also retain a one percent royalty capped at $1 million, starting 24 months after the sale is finalized.

Westgold Resources Hits Record Gold Intercept at Polar Star Lode in Meekatharra

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Westgold Resources has reported a standout drilling result at the Polar Star lode within its Bluebird–South Junction mining complex in Meekatharra, Western Australia. Positioned at the southern end of a 6.5-kilometer stretch of lodes with a history of open-pit mining, the Bluebird–South Junction complex is set to become the primary ore source for Westgold’s nearby Bluebird processing plant.

Ramelius Resources Advances Mt Magnet Project with High-Grade Discoveries and Production Growth

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Ramelius Resources has made key advancements at its Mt Magnet project in WA, especially at the Eridanus site. Drilling highlights included 18m at 9.53g/t from 42m and 4.6m at 48.3g/t from 67.5m, reinforcing the exploration pipeline alongside high-grade results from Lena at Cue and Crescent-Kopai.

An open-pit target at Eridanus is set between 12–16 million tonnes at 1.2–1.6g/t, projected to yield 575,000–775,000 ounces of gold. Ramelius is also assessing a Mt Magnet mill expansion to three million tonnes per year to boost capacity and cut costs.

Vault Minerals Posts Strong First Quarter Post-Merger, Driven by Record Gold Production and Exploration Success

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Vault Minerals reported a strong September quarter, its first since merging Red 5 and Silver Lake Resources, producing 97,493 ounces of gold and marking the sixth consecutive quarter with over 50,000 ounces from Red 5’s former operations.

The company sold 102,529 ounces of gold at an all-in sustaining cost (AISC) of $2,231 per ounce and an average sale price of $3,162 per ounce.

IGO’s Greenbushes Lithium Operation Posts Strong Q1 Performance Amid Challenging Market Conditions

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IGO's Greenbushes lithium operation in Western Australia demonstrated strong results in the first quarter of the 2024–25 financial year (FY25), achieving solid production levels and stable cash flow.

Despite softened commodity prices and decreased nickel revenues, Greenbushes surpassed expectations, showing a quarter-on-quarter increase in spodumene production.

"Operational performance at Greenbushes has been robust, with quarter-on-quarter production growth," said Ivan Vella, IGO's managing director and CEO.

Forrestania Resources Begins Maiden Drilling at Bonnie Vale with ‘Drill for Equity’ Deal

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Forrestania Resources has secured a ‘drill for equity’ agreement, preparing for its inaugural drilling campaign at the Bonnie Vale Gold Project in Western Australia. The company will kick off a 21-hole, 1,600-meter reverse circulation drilling program at the Ada Ann Prospect this week.

Breakthrough Testwork Boosts Purity and Yield at International Graphite's Springdale Project

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estwork on International Graphite’s Springdale graphite project in Western Australia has delivered promising results for the company.

Micronising and spheroidising (milling) testwork explored various process circuit options, resulting in two spheroidised graphite products – SpG18 and SpG11 – with yields reaching up to 76%.

Purification testing achieved an impressive 99.99% yield, surpassing the industry standard of 99.97% for high-purity anode material.

Auric Mining Reports Successful Second Gold Milling Campaign for 2024

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Auric Mining Limited (ASX: AWJ) has announced the successful completion of its second gold milling campaign for 2024, generating significant revenue from the Jeffreys Find Gold Mine near Norseman, Western Australia.

Gold from the mine has been sold at the Perth Mint for an average price of A$3,697 per ounce, marking another profitable milestone for the company. The ore processing, conducted at the Greenfields Mill, is part of a contract to process 150,000 tonnes of ore, undertaken by Auric’s Joint Venture partner, BML Ventures Pty Ltd of Kalgoorlie.

De Grey Continues to Expand

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De Grey Mining has unveiled new data indicating further expansion of its highly anticipated Hemi gold project in Western Australia.

Drilling at the Aquila and Crow deposits, located in the northern region of the Hemi project, shows promise for enhancing the Hemi mineral resource estimate (MRE) and strengthening the production profile outlined in the company’s definitive feasibility study (DFS).

Spartan Resources Announces Landmark Mineral Resource Estimate Update for Dalgaranga Gold Project

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Spartan Resources has released a significant update to the mineral resource estimate (MRE) for its Dalgaranga gold project in Western Australia.

"This MRE update firmly establishes Dalgaranga as an exceptional high-grade deposit, featuring an underground resource of 1.44 million ounces (Moz) at a grade of nine grams per tonne (g/t) gold," stated Simon Lawson, Spartan’s managing director and CEO.

Lawson emphasized the update's significance to the company’s reputation in the mining industry.